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Economy of Morocco vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Morocco has a GDP of $161B compared to $51.4B for Turkmenistan, ranking 58/197 and 92/197 by economy size, respectively.

Morocco has $109B in government debt (67.7% of GDP), compared to $2.11B (4.11% of GDP) in Turkmenistan.

Morocco vs Turkmenistan GDP by year

Morocco
Turkmenistan
1x
Year GDP, current $
Morocco Turkmenistan
2024 $160,610,994,055 $51,387,209,872
2023 $146,036,093,667 $45,894,538,666
2022 $131,245,312,804 $42,208,726,138
2021 $142,022,058,447 $40,589,905,812
2020 $121,353,645,057 $41,509,903,182
2019 $128,920,266,409 $40,810,067,975
2018 $127,341,147,582 $40,765,428,571
2017 $118,540,573,368 $37,926,285,714
2016 $111,572,947,005 $36,169,428,571
2015 $110,413,823,842 $35,799,714,286
2014 $119,130,841,412 $43,524,210,526
2013 $115,739,287,305 $39,197,543,860
2012 $106,937,392,311 $35,164,210,526
2011 $110,080,631,332 $29,233,333,333
2010 $100,865,329,473 $22,583,157,895
2009 $101,154,952,241 $20,214,385,965
2008 $101,822,906,949 $19,271,523,179
2007 $86,947,913,287 $12,664,165,103
2006 $75,883,823,301 $10,276,674,365
2005 $68,852,658,069 $8,103,901,996
2004 $66,114,145,451 $6,838,351,088
2003 $58,029,363,354 $5,977,440,583
2002 $47,077,192,188 $4,462,029,109
2001 $43,831,480,208 $3,534,772,732
2000 $43,017,455,402 $2,904,663,311
1999 $46,266,428,648 $2,450,564,100
1998 $46,497,608,725 $2,605,689,134
1997 $39,147,844,526 $2,450,350,625
1996 $43,161,571,528 $2,378,759,975
1995 $39,030,285,468 $2,482,228,440
1994 $35,604,137,423 $2,561,118,608
1993 $31,655,473,664 $3,179,225,949
1992 $33,711,069,431 $3,200,539,816
1991 $32,285,573,574 $3,208,098,919
1990 $30,179,954,775 $3,189,539,641
1989 $26,314,313,191 $3,006,988,217
1988 $25,705,296,184 $3,010,982,414
1987 $21,765,195,948 $2,331,358,820
1986 $19,462,085,540 -
1985 $14,991,283,216 -
1984 $14,824,667,954 -
1983 $16,251,408,128 -
1982 $17,692,276,734 -
1981 $17,788,185,479 -
1980 $21,728,516,153 -
1979 $15,911,994,817 -
1978 $13,236,946,234 -
1977 $11,049,783,872 -
1976 $9,584,297,284 -
1975 $8,984,853,005 -
1974 $7,675,466,449 -
1973 $6,242,145,880 -
1972 $5,074,117,545 -
1971 $4,356,669,034 -
1970 $3,956,336,244 -
1969 $3,651,622,669 -
1968 $3,271,422,333 -
1967 $3,046,345,314 -
1966 $2,876,401,297 -
1965 $2,948,331,090 -
1964 $2,798,345,299 -
1963 $2,657,252,578 -
1962 $2,379,611,125 -
1961 $2,025,693,540 -
1960 $2,037,154,742 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/morocco/turkmenistan | CC BY

GDP per capita in Morocco vs Turkmenistan by year

Morocco
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Morocco Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,218 $10,415 $6,857 $21,213
2023 $3,872 $9,895 $6,232 $19,829
2022 $3,516 $9,310 $5,838 $18,340
2021 $3,843 $8,623 $5,723 $16,434
2020 $3,317 $7,705 $5,973 $15,091
2019 $3,560 $8,046 $5,998 $15,478
2018 $3,553 $7,801 $6,125 $14,368
2017 $3,344 $8,115 $5,828 $13,278
2016 $3,186 $7,853 $5,687 $12,919
2015 $3,190 $7,799 $5,759 $12,715
2014 $3,483 $7,237 $7,164 $12,477
2013 $3,425 $7,542 $6,600 $11,723
2012 $3,206 $7,308 $6,054 $11,035
2011 $3,345 $7,274 $5,144 $10,283
2010 $3,107 $6,849 $4,059 $8,972
2009 $3,158 $6,629 $3,708 $8,285
2008 $3,222 $6,437 $3,606 $7,916
2007 $2,788 $6,058 $2,415 $6,901
2006 $2,466 $5,781 $1,997 $6,164
2005 $2,268 $5,275 $1,604 $5,489
2004 $2,207 $5,025 $1,379 $4,798
2003 $1,962 $4,741 $1,229 $4,536
2002 $1,612 $4,436 $936 $4,393
2001 $1,521 $4,269 $756 $4,401
2000 $1,513 $3,930 $634 $4,209
1999 $1,651 $3,801 $546 $3,981
1998 $1,683 $3,740 $591 $3,432
1997 $1,439 $3,502 $565 $3,222
1996 $1,610 $3,551 $558 $3,636
1995 $1,478 $3,152 $592 $3,405
1994 $1,369 $3,315 $622 $3,659
1993 $1,236 $2,979 $788 $4,422
1992 $1,337 $2,979 $811 $4,351
1991 $1,302 $3,025 $832 $5,117
1990 $1,238 $2,777 $848 $5,321
1989 $1,099 - $821 -
1988 $1,094 - $846 -
1987 $944 - $675 -
1986 $861 - - -
1985 $678 - - -
1984 $687 - - -
1983 $772 - - -
1982 $862 - - -
1981 $890 - - -
1980 $1,117 - - -
1979 $839 - - -
1978 $716 - - -
1977 $613 - - -
1976 $545 - - -
1975 $524 - - -
1974 $459 - - -
1973 $382 - - -
1972 $319 - - -
1971 $280.6 - - -
1970 $261.5 - - -
1969 $247.8 - - -
1968 $228 - - -
1967 $218.1 - - -
1966 $211.5 - - -
1965 $222.7 - - -
1964 $216.9 - - -
1963 $211.3 - - -
1962 $194.2 - - -
1961 $169.8 - - -
1960 $175.2 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/morocco/turkmenistan | CC BY

Morocco's GDP per capita is $4,218, ranking 127/197, compared to $6,857 in Turkmenistan, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), Morocco ranks 132nd at $10,415, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Morocco Turkmenistan
Gross domestic product
$161B
2024
$51.4B
2024
GDP rank
58/197
2024
92/197
2024
GDP growth
3.79%
2023-2024
6.3%
2023-2024
GDP per capita
$4,218
2024
$6,857
2024
GDP per capita rank
127/197
2024
104/197
2024
GDP per capita, PPP
$10,415
2024
$21,213
2024
GDP per capita PPP rank
132/197
2024
94/197
2024
Government debt
$109B
2024
$2.11B
2024
Debt-to-GDP ratio
67.7%
2024
4.11%
2024
Government debt per person
$2,857
2024
$282
2024
Government debt per person rank
104/185
2024
179/185
2024
Average annual personal income after taxes
$5,678
2026
$7,520
2026
Market capitalization of domestic companies
$74.5B
2024
n/a
Number of billionaires
3
2025
n/a
Income share by richest 10%
31.9%
2013
31.5%
1998
Income share by poorest 10%
2.7%
2013
2.4%
1998
Government expenditure, % of GDP
33%
2024
14.5%
2024
Consumer prices inflation
0.99%
2023-2024
4.6%
2023-2024
Central bank interest rate
2.25%
2025
n/a
Unemployment rate
11.8%
2022
4%
2010
Population
38871720
7776557

Spending and national debt comparison by year

Morocco
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Morocco Turkmenistan
Government spending Government debt Government spending Government debt
2024 33% 67.7% 14.5% 4.11%
2023 32% 68.7% 13.7% 5.46%
2022 33.7% 71.4% 13% 7.14%
2021 31% 69.4% 13.4% 12.3%
2020 34.1% 72.2% 13.5% 15.4%
2019 27.6% 60.3% 13.6% 17.7%
2018 27.8% 60.5% 13.7% 22.5%
2017 27.9% 60.3% 17.8% 24.7%
2016 28.6% 60.1% 14.1% 21.1%
2015 28.5% 58.4% 17.3% 19%
2014 30.7% 58.6% 17% 16%
2013 30.4% 57.1% 16.9% 20.4%
2012 32.5% 52.3% 14.7% 17.9%
2011 31.2% 48.6% 15.4% 14.8%
2010 28.7% 45.3% 14.6% 7.04%
2009 28.1% 42.6% 14.4% 3.09%
2008 28.3% 42% 11.7% 3.56%
2007 26.4% 47.1% 14.4% 3.06%
2006 26% 50.6% 16% 4.23%
2005 28.6% 54.8% 21.1% 6.82%
2004 24.5% 54.4% 20.3% 11.4%
2003 24.1% 56.9% 20.8% 16.9%
2002 25.8% 59.4% 19.4% 24.2%
2001 23.7% 60.4% 22.6% 34.1%
2000 22.8% 64.9% 25.9% 55.1%
1999 18.4% 63.4% 20.8% 66.7%
1998 18.7% 64.5% 26.1% 81.6%
1997 18.6% 68% 26.9% 64.2%
1996 17.6% 65.3% - -
1995 21.3% 72.2% - -
1994 21.7% 69.3% - -
1993 23.1% 74.7% - -
1992 22.3% 67% - -
1991 20.8% 59.1% - -
1990 22.6% 70.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/morocco/turkmenistan | CC BY

In 2024, Morocco's government spending was $53.1B, accounting for 33% of its GDP, while Turkmenistan spent $7.46B, or 14.5% of GDP.

Debt-to-GDP ratio is 67.7% in Morocco and 4.11% in Turkmenistan, ranking 60/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Morocco

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Morocco Turkmenistan
2024 -3.92% -0.08%
2023 -4.41% 0.11%
2022 -5.37% 3.38%
2021 -5.92% 0.57%
2020 -7.15% -0.16%
2019 -3.8% -0.4%
2018 -3.52% -0.22%
2017 -3.3% -2.84%
2016 -4.49% -2.38%
2015 -4.59% -0.7%
2014 -4.78% 0.89%
2013 -4.7% 1.53%
2012 -6.63% 7.53%
2011 -6.08% 3.84%
2010 -3.93% 2.13%
2009 -1.63% 7.53%
2008 0.63% 10.7%
2007 -0.12% 4.19%
2006 -1.8% 5.64%
2005 -5.46% 0.86%
2004 -3.31% 1.47%
2003 -3.74% 3.99%
2002 -4.37% 0.19%
2001 -3.79% 0.77%
2000 -1.97% -0.55%
1999 3.21% 2.48%
1998 1.47% 1.15%
1997 1.5% -0.2%
1996 0.87% -
1995 -2.54% -
1994 -2.51% -
1993 -2% -
1992 -1.84% -
1991 -0.9% -
1990 -1.32% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/morocco/turkmenistan | CC BY

In 2024, Morocco's government deficit, the difference between spending and revenue, was $6.3B, equivalent to 3.92% of GDP. This compares to Turkmenistan's deficit of $42.9M, or 0.08% of GDP.

Over the past 28 years, Morocco recorded a fiscal deficit in 24 of those years, while Turkmenistan ran a deficit in 9 years. On average, Morocco posted an annual deficit equal to 3.29% of GDP, compared to surplus of 1.84% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Morocco

Turkmenistan
1x
Year Consumer prices inflation
Morocco Turkmenistan
2024 0.99% 4.6%
2023 6.09% -1.6%
2022 6.66% 11.2%
2021 1.4% 19.5%
2020 0.71% 6.1%
2019 0.3% 5.1%
2018 1.8% 13.3%
2017 0.75% 8%
2016 1.64% 3.6%
2015 1.56% 7.4%
2014 0.44% 6%
2013 1.88% 6.8%
2012 1.29% 5.3%
2011 0.91% 5.3%
2010 0.99% 4.4%
2009 0.97% -2.7%
2008 3.71% 14.5%
2007 2.04% 6.3%
2006 3.28% 8.2%
2005 0.98% 10.7%
2004 1.49% 5.9%
2003 1.17% 5.6%
2002 2.8% 8.8%
2001 0.62% 11.6%
2000 1.89% 8%
1999 0.68% 23.5%
1998 2.75% 16.8%
1997 1.04% 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/morocco/turkmenistan | CC BY

Over the past 28 years, Morocco has recorded an average annual inflation rate of 1.82%, compared with 10.9% in Turkmenistan. In 2024, inflation was 0.99% in Morocco and 4.6% in Turkmenistan.

Top exports between countries

Morocco
Export category Export value
Processed food, beverages & tobacco $270K
Textiles & consumer goods $44K
Chemicals & pharma $38K
Wood & paper products $27K
Turkmenistan
Export category Export value
Textiles & consumer goods $1.36M
Machinery & equipment $10K

Balance of trade

Morocco Turkmenistan
Current account balance
-$1.87B
2024
n/a
Current account balance ranking
141/190
2024
n/a
Current account balance, % of GDP
-1.16%
2024
n/a
Goods imports
$66.5B
2024
n/a
Goods exports
$39.3B
2024
n/a
Service imports
$14.3B
2024
n/a
Service exports
$28.2B
2024
n/a
Imports of goods and services, % of GDP
50.2%
2024
11.2%
2024
Exports of goods and services, % of GDP
42%
2024
17.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Morocco Turkmenistan
Economic freedom 61.8 47
Economic freedom ranking 91/197 177/197
Property rights 55.2 17.4
Government integrity 35.6 8.4
Judicial effectiveness 32.5 12.3
Tax burden 65.5 94.2
Government spending 67.5 94.3
Fiscal health 57.5 99.9
Business freedom 72.1 37.5
Labor freedom 46.2 29.3
Monetary freedom 79.6 76.7
Trade freedom 69.8 74.2
Investment freedom 80 10
Financial freedom 80 10

Economic freedom comparison by year

Morocco
Turkmenistan
1x
Year Economic freedom index
Morocco Turkmenistan
2026 61.8 47
2025 60.3 47.1
2024 56.8 46.3
2023 58.4 46.5
2022 59.2 46.2
2021 63.3 47.4
2020 63.3 46.5
2019 62.9 48.4
2018 61.9 47.1
2017 61.5 47.4
2016 61.3 41.9
2015 60.1 41.4
2014 58.3 42.2
2013 59.6 42.6
2012 60.2 43.8
2011 59.6 43.6
2010 59.2 42.5
2009 57.7 44.2
2008 55.6 43.4
2007 56.4 43
2006 51.5 43.8
2005 52.2 47.6
2004 56.7 50.7
2003 57.8 51.3
2002 59 43.2
2001 63.9 41.8
2000 63.2 37.6
1999 63.8 36.1
1998 61.1 35
1997 64.7 -
1996 64.3 -
1995 62.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/morocco/turkmenistan | CC BY

The Economic Freedom Index for Morocco is 61.8, ranking 91/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Morocco Turkmenistan
Services, % of GDP
52.7%
2024
50.4%
2024
Industry, % of GDP
25.6%
2024
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
10.6%
2024
12.2%
2024
GNI, Atlas method
$149B
2024
$48.8B
2024
GNI per capita, PPP
$10,260
2024
$21,020
2024
Total reserves including gold
$37.1B
2024
$1.51B
1999
Total reserves ranking
52/177
2024
135/177
1999
Net foreign direct investment
-$948M
2024
n/a
Net inflows of foreign direct investment
$1.64B
2024
$1.64B
2024
Net outflows of foreign direct investment
$691M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.63%
2024
1.91%
2024
Poverty at national poverty lines
3.9%
2022
0.2%
2020
Gross capital formation, % of GDP
30.1%
2024
47.2%
2012

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/morocco/turkmenistan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2023, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.